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Category – November 2016

CommCap Advisors Secures Financing for Fort Apache Desert Inn Self Storage

fort-apacheFort Apache is a two story self-storage facility built in 2005 consisting of 565 units. The building is well kept and maintained with an attractive leasing office and security system including cameras throughout the site. The $5,150,000 loan was used to refinance the property for 10 years. The loan is non-recourse with flexible prepayment included.

Type of transaction: Loan
Address: 3375 S Fort Apache Road, Las Vegas NV 89117
Borrower: Ft Apache Desert Inn, LLC
Mortgage Broker: Kyle Nagy of CommCap Advisors
Loan Amount: $5,150,000
Total square feet: 75,591 sf (565 units)
Details: The loan was structured with a 10 year term and 25 year amortization.  Non-recourse with flexible prepayment included.

Colliers Las Vegas: Bringing Investors, Landlords and Tenants Together For The Holidays

3475-and-3535-west-post-roadA sale to Diamond Southwest Industrial Park LLC. The approximately 42,332 square foot industrial property is located in Diamond Southwest Industrial Center at 3475 and 3515 W. Post Rd. in Las Vegas. The transaction value was $6,300,000. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the seller, Diamond Post LLC.
 

 

rafael-riviera-way-and-lindell-roadA sale to Serdoz @ Rafael Rivera LLC. The approximately 2.5 acre vacant land parcel is located on the Northwest corner of Rafael Rivera Wy. and Lindell Rd. in Las Vegas. The transaction value was $1,900,000. Robert Torres and Scott Gragson of Colliers International represented the seller, Beltway 4.77 LLC.
 

 

5000-west-sahara-avenueA sale to Nevada Auto Real Estate Investments LLC. The approximately 0.86 acre retail land parcel is located at 5000 W. Sahara Ave. in Las Vegas. The transaction value was $1,850,000. Robert Torres and Scott Gragson of Colliers International represented the seller, JRJ Properties.
 

 

3111-south-maryland-parkwayA sale to Barbiere Family Limited Partnership. The approximately 6,012 square foot retail/medial office property is located at 3111 S. Maryland Pkwy. in Las Vegas. The transaction value was $800,000. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the seller, LVPS LLC.
 

 

2780-bledsoe-laneA sale to Tri State Steel. The approximately 7,500 square foot industrial property is located on 2780 Bledsoe Ln. in Las Vegas. The transaction value was $675,000. Chris Connell and Grant Traub of Colliers International represented the seller, 2780 Bledsoe LLC.
 

 

A sale to Trajan Holdings LLC. The approximately 2.5 acre land parcel is located near Rainbow Blvd. and Richmar Ave. (APN: 176-23-301-007) in Las Vegas. The transaction value was $625,000. Robert Torres and Scott Gragson of Colliers International represented the sellers, GKT Acquisitions and Alan J. Arnold Trust.
 

 

sobb-and-hinsonA sale to Mach 1 Industries Inc. The approximately 1.25 acre vacant land parcel is located on Sobb Ave. and Hinson St. in Las Vegas. The transaction value was $550,000. Dan Doherty, SIOR, Spencer Pinter, Chris Lane and Jerry Doty of Colliers International represented the seller, CW LV Real Estate LLC.
 

 

 

6265-s-valley-view-boulevardA lease to Bron Tapes of Nevada Inc. The approximately 13,662 square foot industrial property is located in Valley View Corporate Center (Phase II) at 6265 S. Valley View Blvd., Suite L&M in Las Vegas. Spencer Pinter of Colliers International represented the lessor, Valley View I, II & III LLC. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessee.
 

 

3862-civic-center-driveA lease renewal to Palladino LLC. The approximately 4,008 square foot industrial property is located in Civic Center Corporate Park at 3862 Civic Center Dr. in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, MCA Civic Center II LLC.
 

 

6285-valley-viewA lease to Greenline West LLC. The approximately 3,812 square foot industrial property is located in Valley View Corporate Center (Phase I) at 6285 S. Valley View Blvd., Suite E in Las Vegas. Spencer Pinter of Colliers International represented the lessor, Valley View I, II & III LLC.
 

 

6280-pecos-bldg-1A lease to Administrative Headquarters Inc. The approximately 3,160 square foot industrial property is located in Arrowhead Commerce Center, Building 1 at 6280 S. Pecos Rd., Suite 500 in Las Vegas. Spencer Pinter, Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC.
 

 

4975-south-fort-apacheA lease to Pop Drinks LLC. The approximately 1,400 square foot retail property is located in Crossroads Plaza at 4975 S. Fort Apache Rd., Suite 109 in Las Vegas. Al Twainy, CCIM and Amelia Hyden of Colliers International represented the lessor, Crossroads Plaza LV LLC.

Virtus Commercial’s Recent Deal Round Up

sea-breeze-villageEAG Wireless LLC (Metro PCS) has leased approximately 1,300 square feet of retail space at Sea Breeze Village, located at 1750 N Buffalo Dr. Ste. 110 in Las Vegas.  Robert S. Hatrak II of Virtus Commercial represented both the Lessor, New Deal-Seabreeze, LLC and the Lessee.

 

 

 

3689-w-quailRishawn Newman has leased approximately 3,290 square feet of industrial space at 3680 W. Quail Ave. Unit 1, in Las Vegas.  Pelagia Dimopoulos of Fortis Commercial Advisors represented the Lessee and Matthew Feustel of Virtus Commercial represented the Lessor, VRES, LLC.

 

 

 

3242-e-desertRelease LLC has leased approximately 800 square feet of office space at 3242 E. Desert Inn Rd. Ste. 10, in Las Vegas.  Brett Beck & Jackie Zlatanovski of Virtus Commercial represented both the Lessee and the Lessor, Desert Inn Square.

 

 

 

5300-w-saharaDreambody Wraps and Laser has leased approximately 1,258 square feet of office space at 5300 W. Sahara Ave. Ste. 204, in Las Vegas.  Brett Beck of Virtus Commercial represented both the Lessee and the Lessor, Sahara Edmond Plaza LLC.

 

 

 

340-boulder-highwayBurger Shoppe has leased approximately 2,000 square feet of retail space at 340 Boulder Highway, in Henderson.  Jakke Farley of Virtus Commercial represented the Lessor, Brian Atkinson.

 

 

 

9310-s-easternPoke Poku has leased approximately 1,625 square feet of retail space at Beltway Plaza Shopping Center, located at 9310 S. Eastern Ave. Ste. 108, in Henderson.  Mubashir Mushtaq of Active Commercial represented the Lessee and Preston Abell and Jeff Mitchell of Virtus Commercial represented the Lessor, Beltway Plaza III.

 

 

 

4165-s-grand-canyonLas Vegas Coffee Investors, LLC leased approximately 1,885 square feet of retail space at 4165 S. Grand Canyon Dr. #106, in Las Vegas.  Mike Zobrist of NGKF represented the Lessor, Grand Flam Shops Capital Management, LLC and Preston Abell of Virtus Commercial represented the Lessee.

 

 

 

4604-w-saharaDomino’s Pizza LLC has leased approximately 2,394 square feet of retail space at Sahara Pavilion North, located at 4604 W. Sahara Ave. Ste. 1-2, in Las Vegas.  Jeff Mitchell of Virtus Commercial represented the Lessee.

Cushman & Wakefield Commerce Negotiates Multifamily Portfolio Sale

cw-sale-1The Las Vegas office of Cushman & Wakefield Commerce announced that the team of Carl and Taylor Sims have negotiated the sale of the apartment portion of a three-property, multi-state portfolio sale in Las Vegas for $41,500,000. The team represented the seller, a global corporation based in China. The buyer was a subsidiary of Angelo, Gordon & Co. of New York, NY.

“The Las Vegas market has seen a large amount of portfolio sales this year, and if it continues through the end of the quarter, it could spell a record year in terms of sales volume,” said Taylor Sims, director of multi-family investment sales for the Cushman & Wakefield Commerce Las Vegas office. “We are honored that a company of such magnitude enlisted our team. Since most portfolio sales are contained to one market, or asset type, this cross-platform portfolio was an exciting deal to work on, as it was multi-state AND included multiple asset types including two multi-family properties and an office building in Arizona. The global presence of Cushman & Wakefield was a significant factor in the successful completion of this transaction, as our client wanted a team that could handle the complexities of the entire multi-property transaction.”

 

cw-sale-2

The multi-family properties include:

Gloria Park Villas, a 240-unit property located at 3625 S Decatur Blvd. was built in 1993 and sold for $19,920,000. Amenities include a gated community, gas BBQ`s with seating, mini-storage units, private garages, a 24-hour fitness center and a clubhouse with a movie theater.

Tower at Tropicana, 260-unit property at 6575 West Tropicana Ave, was built in 1990 and sold for $21,580,000. This property is also in a gated community and includes a 24-hour fitness center, gas BBQ`s with seating and a clubhouse with a movie theater.

December 13th at Jones Beltway Business Park: Party With Hayim At MDL Group’s New HQ Groundbreaking

mdl-group-logoWHAT: Jones Beltway Business Park construction commencement will be commemorated with an official Ground Breaking Ceremony and Celebration.  Construction of this 16,500 square foot office development, comprised of two buildings on 1.93 acres demonstrates new growth in Las Vegas expansion phase, which including this project.

Distinguished guests of honor scheduled to attend the event include, County Commissioner Steve Sisolak; Las Vegas Metro Chamber of Commerce President & CEO Kristin McMillan.

WHO:  Representatives from Nevada General Construction (Contractor), Encompass Studio (Architect), Chase Bank (Project Financing), Civil Works (Civil Engineer), Henriksen Butler (Furniture Vendor), and MDL Group (Developer and Owner Occupant) will be present regarding the Jones Beltway Business Park Project.

WHEN:  Press conference and official ground breaking ceremony begins at 10:30 am with Champaign Toast and raffle immediately following until 11:30 pm, Tuesday, December 13, 2016.

WHERE: Jones Beltway Business Park, 5960 S. Jones Blvd. (NEC of Jones Blvd. and Ponderosa Way.)

WHY: The Jones Beltway Business Park is one of only few significant office development projects in the Southern Nevada region and clearly demonstrates the start of office expansion.  MDL Group is a local small business (commercial real estate and property management) that made the decision to build its new office building vs. leasing or buying an existing building.

Please contact; Hayim Mizrachi        702-388-1800              hmizrachi@mdlgroup.com

Alexia Crowley of MDL Group and Pete Janemark of Cushman & Wakefield Las Vegas Earn CCIM Designation – Congrats

alexia-crowleyAlexia Crowley is a Senior Associate at MDL Group specializing in medical and professional office sales and leasing. She is a graduate from University of Nevada Las Vegas, with a Bachelor of Science in Business Administration with a focus in Marketing. In addition to her CCIM, Alexia has earned her designation as a LEED Green Associate having an up-to-date understanding of the most current green building principles and practices.

Going through such a rigorous process to obtain a professional designation like the CCIM demonstrates a high level of dedication an agent’s development.” Says, Hayim Mizrachi, President | Principal of MDL Group. Hayim and the 2 other working partners of MDL Group all hold the CCIM designation. “MDL Group has been involved with CCIM since 1991. There is little more that a real estate professional can do to advance themselves for the benefit of better advising their clients.”

 

peter-janemarkCushman & Wakefield Commerce Las Vegas today announced that Pete Janemark has received the national Certified Commercial Investment Member (CCIM) designation. By obtaining the CCIM designation, Janemark is recognized as an expert in the commercial and investment real estate industry.

The CCIM designation requires the successful completion of the designation process which includes demanding commercial real estate curriculum in real estate investment and financial analysis, and commercial real estate market analysis. CCIM designees are also required to provide a portfolio of industry experience.

“Pete is a tremendous asset to our company, and this designation will help elevate him to the next level,” said Michael Dunn, CCIM, SIOR and market leader for the Cushman & Wakefield Commerce Las Vegas office. “We are all proud of Pete and recognize him for his hard work and dedication that was required to earn his CCIM designation.”

Janemark specializes in the leasing and sales of office and industrial buildings in Northwest Las Vegas market, focusing primarily on landlord representation. He has more than 30 years in the real estate industry, with extensive leasing background, business development and sales knowledge.

Originally from Sweden, Janemark has been a resident of Las Vegas for eight years. He has developed a thorough knowledge of the market and helps clients capitalize on opportunities through his understanding of the Las Vegas commercial office and warehouse market. With more than 200 closed transactions since 2008, Janemark understands the unique qualities of and the specific needs of landlords in Southern Nevada.

Stephanie Hill Continues History of Honors for GLVAR and Las Vegas’s RE/CRE Community

stephanie-hillGreater Las Vegas Association of Realtors (GLVAR) Multiple Listing Service (MLS) Director Stephanie Hill, RCE, CLMX3, CIPS, ePro, is one of 17 executives nationwide selected to serve on the Council of Multiple Listing Services (CLMS) Board of Directors.

Hill is the only MLS executive from Southern Nevada to be included in this select group. “It’s an honor to represent the GLVAR membership on the national board,” said Hill, who also leads the association’s global and commercial divisions. “I’m there to be a voice for our membership and to drive MLS initiatives and policies on a national level.”

CMLS is the professional trade organization that serves to advance the MLS industry in North America through unified leadership, collaboration, and education across the real estate industry. It was formed as a premier forum, advocate and resource in 1957 and has since evolved into a volunteer-led organization that is responsible for the advancement of MLS through education, innovation, and the implementation of best practices, industry standards, and next generation solutions in support of MLS providers with over one million subscribers. GLVAR CEO Michele Caprio lauded Hill’s accomplishment and commended her dedication to continually elevating her qualifications and MLS.

“On behalf of the Greater Las Vegas Association of Realtors we are so pleased to support Ms. Hill’s professional development as a graduate of the CMLX 3 Certification Program,” Caprio said. “Her participation on CLMS promotes progressive dialog and communication between industry leaders and visionaries whose contributions ultimately benefit the GLVAR membership.”

Northcap Multifamily Assists in Sale of Tropicana del Este Apartments

northcap-logoDevin Lee, CCIM, Robin Willett, and Jerad Roberts, of Northcap Multifamily, are pleased to announce the recent sale of Tropicana del Este Apartments for $3,900,000. This sale consisted of 57 multifamily units, located at 5425 E. Tropicana Avenue in Las Vegas, NV. This transaction closed on September 30, 2016. Northcap Multifamily represented the Seller (5425 E Tropicana Property, LLC) in this transaction.

Harsch Expands Industrial Portfolio In Las Vegas

patrick-commerce_2016-11-02-1smallpatrick-commerce_2016-11-02-2smallHarsch Investment Properties, a Portland, Ore.-based privately held real estate investment, development and management company, continued its industrial property portfolio expansion in Las Vegas by acquiring two large local business parks, totaling nearly half a million square feet and located minutes from McCarran International Airport and the Las Vegas Strip.

One of the two business parks, Patrick Commerce Center, is a premiere multi-tenant light industrial project in the Airport market. Its other newly acquired property, formerly Big Foot Business Park, is even larger: a nearby seven-building mixed-use office and warehouse project, which will be renamed Sunset Airport Center. “We have invested in the Las Vegas metropolitan area for almost 23 years,” said Jordan Schnitzer, president and CEO of Harsch Investment Properties. “Las Vegas is on a very steady and solid recession comeback trajectory, and we are very pleased to continue to expand our holdings in the market, serving over 1,500 tenants in the greater Las Vegas community.”

In addition to these acquisitions, Harsch will soon complete the latest phase, totaling 240,000 square feet at Henderson Commerce Center. Harsch will soon begin the next expansion in Henderson of 186,000 square feet of industrial flex buildings and will start development on two mid-bay, industrial distribution buildings in North Las Vegas totaling approximately 560,000 square feet. These properties are adjacent to Harsch’s two million-square-foot Speedway Commerce Center.

NAR Honors GLVAR’s Global Committee

rena-heidi-peter-azim-at-mipim-2The Global Committee of the Greater Las Vegas Association of REALTORS® (GLVAR) was recently honored by the National Association of REALTORS® (NAR) with a Platinum Global Achievement Program Award. This places GLVAR’s Global Committee in the top third of all association global councils nationwide. The GLVAR committee focusing on international real estate opportunities and education offers what 2016 GLVAR President Scott Beaudry called “the highest level of service to its global members by consistently providing them with the tools they need to handle international real estate.”

Las Vegas REALTOR® Rena Levy, who chairs GLVAR’s Global Committee, said her committee is proud of the accomplishment. “It’s a reflection on the hard work and increasing involvement of our members,” Levy said. “It also speaks to the potential and value of Las Vegas as an international real estate market.” “We are thankful to GLVAR’s Global Committee for their commitment to enhancing global business opportunities for REALTORS® in their market,” added Janet Branton, NAR senior vice president of commercial & global services. “They have done an outstanding job, and we are pleased to provide them with the Platinum Global Achievement Program Award.”


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